Trending News:‘Sharia Law has…’: Tucker Carlson says Islamic societies are ‘more advanced’ than Western societies, draws flakWhy DHL is betting on rising Chinese exports – even as war and tariff risks growIPL: When will Kal Somani-led consortium’s Rajasthan Royal buy come into effect? | Cricket News‘Disgusting’, ‘garbage’: Chicago Democrat faces fury for ‘wrong place at wrong time’ remarks on Sheridan Gorman killingHKIC, Gobi Partners and HKU team up for fund backing university research start-upsWho is Kal Somani? The US entrepreneur leading USD 1.63bn Rajasthan Royals buy | Cricket NewsBay Area cemetery removes banner from 9/11 memorial advertising Islamic section at Memory Gardens Cemetery amid community backlashXiaomi profit drops 27% on weaker smartphone sales as Chinese firm’s EV growth slows‘Bad move’: Cyprus chess chief hits back at Koneru Humpy after Candidates pull-out | Chess News‘Fed a nation off of it’: Inside the $26M standoff between Kentucky farmers and a shadowy AI giant | World NewsChina EV makers gain as Iran war drives up fuel costsBig blow to RCB, Yash Dayal ruled of IPL 2026 due to personal reasons | Cricket NewsInflatable homes on the Moon: Scientists reveal how humans could live there sooner than expected |Global Talent Summit Week highlights why Hong Kong attracts high-calibre professionals‘I F****G Love cricket, I F****G love this team’: Ben Stokes hits back at critics | Cricket NewsQatar Remote Work Policy: Qatar orders employees back to offices as remote work rule ends | World NewsRights to antibody drug by China’s Keymed change hands in Gilead acquisition of OuroDC playing XI for IPL 2026: Duckett vs Nissanka, who opens with KL Rahul? | Cricket NewsSan Francisco International Airport: Did ICE arrest a ‘US citizen’ from San Francisco airport after Trump deployed them to fill TSA crisis?Shubman Gill to Gujarat Titans pacers: ‘Not calm, be fierce like Nehra’ in IPL 2026 | Cricket NewsDubai opens applications for Hamdan bin Mohammed Scholarship Programme for 2026–27 academic year | World NewsHong Kong’s eMPF to cut fees by 21.6% from April, saving US$6.4 billion in 10 yearsDhoni jokes ‘I don’t like you’ to Bravo; Raina trolls with ‘Korbo, lorbo, jeetbo’ – WATCH | Cricket NewsVideo captures moment Air Canada plane collides with fire truck at LaGuardia airport; pilot, co-pilot killedWhy the Iran war could be a ‘game-changer’ for EVs – and China’s car industryMemorial plaque, 11 seats to honour Chinnaswamy stampede victims: RCB, KSCA | Cricket NewsIsrael’s missile defence under scrutiny after Iran strikes nuke research facilityChina’s Country Garden to post up to US$320 million profit after debt overhaulIPL 2026 | KKR SWOT: Explosive batting, spin strength key; pace, leadership concerns linger | Cricket NewsAre US-Iran talks happening in Pakistan? What White House saidHong Kong stocks rebound on hopes of a US-Iran deal as tensions easeCan Axar Patel shed ‘forever the bridesmaid’ tag in IPL 2026? | Cricket NewsIs LaGuardia Airport open? Hundreds of flights disrupted after fatal runway collision in New YorkAsian private equity focused on cash flow as fundraising falls to 12-year low‘Didn’t interact much’: Mohsin Naqvi breaks silence on Gary Kirsten ‘interference’ claims | Cricket NewsGreen Card For Tps: Give Green Cards to TPS holders: Florida Democrat introduces new bill. Is it possible?Sunil Gavaskar ‘not able to get Dhurandhar 2 tickets’, turns to actor for help | Off the field NewsLaguardia Airport: Who was Antoine Forest? One of 2 Air Canada pilots killed in LaGuardia plane crash identified3 Chinese EV makers raise prices – but analysts warn weak demand could force reversalEXCLUSIVE: Less than a week before IPL starts, Mumbai Indians star Jasprit Bumrah reaches BCCI CoE | Cricket NewsWho is Donna Motsinger? Woman awarded $19 million after jury finds Bill Cosby liable in 1972 sexual assault case‘Don’t like it’: Axar Patel questions all-rounder’s role with IPL Impact Player rule | Cricket NewsScientists finally uncover what’s hidden beneath the world’s oldest tree, and it’s alive |Not Kishan or Abhishek: Irfan Pathan predicts this Indian player to hold SRH together | Cricket NewsNASA reports Russian spacecraft antenna problem: Forced manual docking with ISS |‘No security concerns’: Bangladesh Cricket Board allows players to join PSL | Cricket NewsIran Threats: Iranian regime sends text messages to civilians threatening they would be executed: Report‘He is like a teacher’: Mayank Yadav reveals Bumrah’s role in injury comeback | Cricket NewsStranger Things becomes real! Scientists create ‘living walls’ that grow and heal themselves |Burnt in the Ashes, but no clean-up: ECB decides against sacking Ben Stokes and McCullum | Cricket NewsWho is Matt Brittin? Ex-Google executive set to become BBC’s next director-generalAjinkya Rahane sends strong message ahead of IPL 2026 with blazing 20-ball fifty | Cricket NewsTriple murder in US: Man arrested after 3 found dead inside camper in North CarolinaInside Unitree’s landmark IPO: what to know about China’s humanoid giant‘Temple visits not a bad thing’: Axar Patel shares insight into team India culture | Cricket News‘Always been gay’: Migrant granted asylum in Britain over homosexuality left wife and child in AfricaHong Kong’s family office summit draws Pop Mart billionaire among global guest listIndian sports economy crosses $2 billion mark; cricket accounts for 89% | More sports News‘Bogus’: Indian immigrant Harpreet Kaur exposed as Australian court finds her guilty over fake nursing certificateTencent adds ClawBot plug-in to WeChat amid OpenClaw boom and privacy warningsCristiano Ronaldo breaks silence on injury with positive message to fans | Football NewsMan caught on camera urinating in front of Indian restaurant in Texas, says he could not hold itGlobal markets brace for rate hikes as prolonged Iran war stokes tightening fearsPSL’s loss, RR’s gain! Sangakkara hails Shanaka as ‘ideal replacement’ for Sam Curran | Cricket News‘Going to be a Civil War’: MAGA enraged as foreign doctors secure US residency slots on match day | World NewsHong Kong’s Henderson Land trims dividend as Iran, mainland China cloud outlookKoneru Humpy Exclusive after Candidates pull-out: ‘Would FIDE hold tournaments in Kashmir?’ | Chess NewsCandace Owens dragged into explosive Charlie Kirk text leak controversy as Joe Kent faces mounting scrutinyDrivers in China rush to fill petrol tanks ahead of biggest price hike this yearTerror threat rocks Pakistan’s PSL: Foreign players asked to ‘withdraw immediately’ | Cricket NewsElon Musk’s SpaceX :‘This is really intolerable’: Astronomers protest Elon Musk’s SpaceX orbiting mirror project and AI satellites |Global investors pivot to ‘stability’ of China amid turmoil: Milken forum speakers‘Vaibhav Sooryavanshi is not professional’: RCB star’s stunning remark goes viral | Cricket News‘Stop, stop, stop!’: Cockpit audio captures final moments between pilot, co-pilot before Air Canada crash kills bothThe View | War-induced interest rate shocks unlikely to upset Asia’s property marketsIPL 2026: ‘No update’ on Starc, DC’s Axar says ‘no temptation to replace’ the pacer | Cricket NewsUae Weather Conditions: UAE weather alert: Heavy rain, thunder and traffic chaos hit Dubai and Abu Dhabi — Safety warnings issued | World NewsRegal’s US$194 million hotel sale highlights investor push into Hong Kong student housing‘Gracia ke papa’: Sakshi Dhoni’s shout for Suresh Raina lights up CSK event – WATCH | Cricket NewsSheikh Zayed Grand Mosque: Record-breaking Ramadan 2026: Sheikh Zayed Grand Mosque welcomes over 3.22 million devotees across UAE | World NewsForging Legacies: HK4FAMILIES | South China Morning Post‘Khelega hi nahi’: Ashwin’s blunt verdict on Arjun Tendulkar at LSG | Cricket News4 Jewish community ambulances set ablaze in London in suspected hate crime; video shows burning vehiclesChina’s Zijin Mining clinches US$2.6 billion Chifeng Gold takeover in expansion driveIPL 2026 Build-up Live: Ex-SRH pacer to replace injured Akash Deep at KKRKuwait Airways announces resumption of Cairo Flights from March 26 via Dammam; travel procedures to continue from Al Khiran Mall | World NewsRed carpet, real heroes: TOISA unites Olympians, world champions and para-stars | More sports NewsUae News: Missile incident in Abu Dhabi: Indian national injured after ballistic debris falls from sky | World News‘I was just a batter’: All-rounder Hardik Pandya hails MI scouting system | Cricket NewsAi Fruit Love Island: AI ‘Fruit Love Island’ TikTok hits 3.1M followers in just 9 days, internet can’t look awayPotential rate cut pause, geopolitical tensions may cloud Hong Kong property recoveryWho is Saurabh Dubey? Uncapped seamer joins KKR as Akash Deep’s replacement | Cricket NewsBoxing Event Controversy: Everything to know about Adin Ross and Blueface boxing event controversyHong Kong stocks tumble with Asia as Strait of Hormuz crisis deepensHardik Pandya told to step aside, ‘let Suryakumar Yadav lead’ at Mumbai Indians | Cricket NewsAfter Trump’s warning, Iran threatens to close the Strait of HormuzJPMorgan to expand Asia-Pacific team 10% this year, undeterred by Middle East conflictAbhishek Sharma had ‘six-hitting skills from the start’, teammate reveals untold story | Cricket NewsAlien abduction data for every US state revealed: New York jumps to third as govenment registers alien websites | World NewsHow China could dominate AI era’s ‘tokenomics’ with vast power grids and low-cost models
Trending News:‘Sharia Law has…’: Tucker Carlson says Islamic societies are ‘more advanced’ than Western societies, draws flakWhy DHL is betting on rising Chinese exports – even as war and tariff risks growIPL: When will Kal Somani-led consortium’s Rajasthan Royal buy come into effect? | Cricket News‘Disgusting’, ‘garbage’: Chicago Democrat faces fury for ‘wrong place at wrong time’ remarks on Sheridan Gorman killingHKIC, Gobi Partners and HKU team up for fund backing university research start-upsWho is Kal Somani? The US entrepreneur leading USD 1.63bn Rajasthan Royals buy | Cricket NewsBay Area cemetery removes banner from 9/11 memorial advertising Islamic section at Memory Gardens Cemetery amid community backlashXiaomi profit drops 27% on weaker smartphone sales as Chinese firm’s EV growth slows‘Bad move’: Cyprus chess chief hits back at Koneru Humpy after Candidates pull-out | Chess News‘Fed a nation off of it’: Inside the $26M standoff between Kentucky farmers and a shadowy AI giant | World NewsChina EV makers gain as Iran war drives up fuel costsBig blow to RCB, Yash Dayal ruled of IPL 2026 due to personal reasons | Cricket NewsInflatable homes on the Moon: Scientists reveal how humans could live there sooner than expected |Global Talent Summit Week highlights why Hong Kong attracts high-calibre professionals‘I F****G Love cricket, I F****G love this team’: Ben Stokes hits back at critics | Cricket NewsQatar Remote Work Policy: Qatar orders employees back to offices as remote work rule ends | World NewsRights to antibody drug by China’s Keymed change hands in Gilead acquisition of OuroDC playing XI for IPL 2026: Duckett vs Nissanka, who opens with KL Rahul? | Cricket NewsSan Francisco International Airport: Did ICE arrest a ‘US citizen’ from San Francisco airport after Trump deployed them to fill TSA crisis?Shubman Gill to Gujarat Titans pacers: ‘Not calm, be fierce like Nehra’ in IPL 2026 | Cricket NewsDubai opens applications for Hamdan bin Mohammed Scholarship Programme for 2026–27 academic year | World NewsHong Kong’s eMPF to cut fees by 21.6% from April, saving US$6.4 billion in 10 yearsDhoni jokes ‘I don’t like you’ to Bravo; Raina trolls with ‘Korbo, lorbo, jeetbo’ – WATCH | Cricket NewsVideo captures moment Air Canada plane collides with fire truck at LaGuardia airport; pilot, co-pilot killedWhy the Iran war could be a ‘game-changer’ for EVs – and China’s car industryMemorial plaque, 11 seats to honour Chinnaswamy stampede victims: RCB, KSCA | Cricket NewsIsrael’s missile defence under scrutiny after Iran strikes nuke research facilityChina’s Country Garden to post up to US$320 million profit after debt overhaulIPL 2026 | KKR SWOT: Explosive batting, spin strength key; pace, leadership concerns linger | Cricket NewsAre US-Iran talks happening in Pakistan? What White House saidHong Kong stocks rebound on hopes of a US-Iran deal as tensions easeCan Axar Patel shed ‘forever the bridesmaid’ tag in IPL 2026? | Cricket NewsIs LaGuardia Airport open? Hundreds of flights disrupted after fatal runway collision in New YorkAsian private equity focused on cash flow as fundraising falls to 12-year low‘Didn’t interact much’: Mohsin Naqvi breaks silence on Gary Kirsten ‘interference’ claims | Cricket NewsGreen Card For Tps: Give Green Cards to TPS holders: Florida Democrat introduces new bill. Is it possible?Sunil Gavaskar ‘not able to get Dhurandhar 2 tickets’, turns to actor for help | Off the field NewsLaguardia Airport: Who was Antoine Forest? One of 2 Air Canada pilots killed in LaGuardia plane crash identified3 Chinese EV makers raise prices – but analysts warn weak demand could force reversalEXCLUSIVE: Less than a week before IPL starts, Mumbai Indians star Jasprit Bumrah reaches BCCI CoE | Cricket NewsWho is Donna Motsinger? Woman awarded $19 million after jury finds Bill Cosby liable in 1972 sexual assault case‘Don’t like it’: Axar Patel questions all-rounder’s role with IPL Impact Player rule | Cricket NewsScientists finally uncover what’s hidden beneath the world’s oldest tree, and it’s alive |Not Kishan or Abhishek: Irfan Pathan predicts this Indian player to hold SRH together | Cricket NewsNASA reports Russian spacecraft antenna problem: Forced manual docking with ISS |‘No security concerns’: Bangladesh Cricket Board allows players to join PSL | Cricket NewsIran Threats: Iranian regime sends text messages to civilians threatening they would be executed: Report‘He is like a teacher’: Mayank Yadav reveals Bumrah’s role in injury comeback | Cricket NewsStranger Things becomes real! Scientists create ‘living walls’ that grow and heal themselves |Burnt in the Ashes, but no clean-up: ECB decides against sacking Ben Stokes and McCullum | Cricket NewsWho is Matt Brittin? Ex-Google executive set to become BBC’s next director-generalAjinkya Rahane sends strong message ahead of IPL 2026 with blazing 20-ball fifty | Cricket NewsTriple murder in US: Man arrested after 3 found dead inside camper in North CarolinaInside Unitree’s landmark IPO: what to know about China’s humanoid giant‘Temple visits not a bad thing’: Axar Patel shares insight into team India culture | Cricket News‘Always been gay’: Migrant granted asylum in Britain over homosexuality left wife and child in AfricaHong Kong’s family office summit draws Pop Mart billionaire among global guest listIndian sports economy crosses $2 billion mark; cricket accounts for 89% | More sports News‘Bogus’: Indian immigrant Harpreet Kaur exposed as Australian court finds her guilty over fake nursing certificateTencent adds ClawBot plug-in to WeChat amid OpenClaw boom and privacy warningsCristiano Ronaldo breaks silence on injury with positive message to fans | Football NewsMan caught on camera urinating in front of Indian restaurant in Texas, says he could not hold itGlobal markets brace for rate hikes as prolonged Iran war stokes tightening fearsPSL’s loss, RR’s gain! Sangakkara hails Shanaka as ‘ideal replacement’ for Sam Curran | Cricket News‘Going to be a Civil War’: MAGA enraged as foreign doctors secure US residency slots on match day | World NewsHong Kong’s Henderson Land trims dividend as Iran, mainland China cloud outlookKoneru Humpy Exclusive after Candidates pull-out: ‘Would FIDE hold tournaments in Kashmir?’ | Chess NewsCandace Owens dragged into explosive Charlie Kirk text leak controversy as Joe Kent faces mounting scrutinyDrivers in China rush to fill petrol tanks ahead of biggest price hike this yearTerror threat rocks Pakistan’s PSL: Foreign players asked to ‘withdraw immediately’ | Cricket NewsElon Musk’s SpaceX :‘This is really intolerable’: Astronomers protest Elon Musk’s SpaceX orbiting mirror project and AI satellites |Global investors pivot to ‘stability’ of China amid turmoil: Milken forum speakers‘Vaibhav Sooryavanshi is not professional’: RCB star’s stunning remark goes viral | Cricket News‘Stop, stop, stop!’: Cockpit audio captures final moments between pilot, co-pilot before Air Canada crash kills bothThe View | War-induced interest rate shocks unlikely to upset Asia’s property marketsIPL 2026: ‘No update’ on Starc, DC’s Axar says ‘no temptation to replace’ the pacer | Cricket NewsUae Weather Conditions: UAE weather alert: Heavy rain, thunder and traffic chaos hit Dubai and Abu Dhabi — Safety warnings issued | World NewsRegal’s US$194 million hotel sale highlights investor push into Hong Kong student housing‘Gracia ke papa’: Sakshi Dhoni’s shout for Suresh Raina lights up CSK event – WATCH | Cricket NewsSheikh Zayed Grand Mosque: Record-breaking Ramadan 2026: Sheikh Zayed Grand Mosque welcomes over 3.22 million devotees across UAE | World NewsForging Legacies: HK4FAMILIES | South China Morning Post‘Khelega hi nahi’: Ashwin’s blunt verdict on Arjun Tendulkar at LSG | Cricket News4 Jewish community ambulances set ablaze in London in suspected hate crime; video shows burning vehiclesChina’s Zijin Mining clinches US$2.6 billion Chifeng Gold takeover in expansion driveIPL 2026 Build-up Live: Ex-SRH pacer to replace injured Akash Deep at KKRKuwait Airways announces resumption of Cairo Flights from March 26 via Dammam; travel procedures to continue from Al Khiran Mall | World NewsRed carpet, real heroes: TOISA unites Olympians, world champions and para-stars | More sports NewsUae News: Missile incident in Abu Dhabi: Indian national injured after ballistic debris falls from sky | World News‘I was just a batter’: All-rounder Hardik Pandya hails MI scouting system | Cricket NewsAi Fruit Love Island: AI ‘Fruit Love Island’ TikTok hits 3.1M followers in just 9 days, internet can’t look awayPotential rate cut pause, geopolitical tensions may cloud Hong Kong property recoveryWho is Saurabh Dubey? Uncapped seamer joins KKR as Akash Deep’s replacement | Cricket NewsBoxing Event Controversy: Everything to know about Adin Ross and Blueface boxing event controversyHong Kong stocks tumble with Asia as Strait of Hormuz crisis deepensHardik Pandya told to step aside, ‘let Suryakumar Yadav lead’ at Mumbai Indians | Cricket NewsAfter Trump’s warning, Iran threatens to close the Strait of HormuzJPMorgan to expand Asia-Pacific team 10% this year, undeterred by Middle East conflictAbhishek Sharma had ‘six-hitting skills from the start’, teammate reveals untold story | Cricket NewsAlien abduction data for every US state revealed: New York jumps to third as govenment registers alien websites | World NewsHow China could dominate AI era’s ‘tokenomics’ with vast power grids and low-cost models
Alibaba Group Holding plans to spin off its Banma Network Technology unit, as one of China’s largest technology behemoths moves ahead with a separate listing for its autonomous driving unit to raise capital.
Alibaba has received an initial go-ahead from the Hong Kong stock exchange for Banma’s proposed initial public offering (IPO), the company said in a statement on Thursday. The stake held by the Hangzhou-based conglomerate in Banma will drop to 30 per cent from the current 44.72 per cent after the IPO, Alibaba said.
Details of the spin-off, including the financial size and structure of Banma’s IPO, have not been finalised, while the overall plan would be subject to regulatory approvals in Hong Kong and mainland China, said Alibaba, the parent company of the Post.
“The proposed spin-off should better reflect the value of Banma Group on its own merits and increase its operational and financial transparency,” Alibaba said. “Banma’s distinctive automobile system solutions business would be appealing to an investor base with a sector investment focus.”
SAIC Motor’s Roewe RX5 sports-utility vehicle, one of the first models to be powered by Banma’s AliOS operating system, on display during the Auto Shanghai show on April 20, 2017. Photo: Simon Song
If it is successfully executed, Banma’s IPO would be the first spin-off in recent years out of Alibaba’s portfolio of businesses, which cover the spectrum of China’s technology from artificial intelligence to e-commerce, entertainment to logistics. A spin-off of its logistics business Cainiao was called off in March 2024.
For Banma, which began to embed Alibaba’s operating system AliOS in 2016 for smart vehicles to drive autonomously, the IPO would enhance its profile among customers, suppliers and potential strategic partners, gaining it more business and access to the equity and debt capital markets, the e-commerce giant added.
Global trade flows are facing severe disruption amid the US-Israel war on Iran and unpredictable tariff policies. But logistics giant DHL still expects its revenues to soar in the coming…
Hong Kong Investment Corporation (HKIC), the government’s investment arm, has teamed up with venture capital firm Gobi Partners and the University of Hong Kong (HKU) to launch a fund on…
Media365
